Oil Tops $120 on Middle East War Fears; India Faces GST Debate on Fuels - Whalesbook

Middle East Crisis Fuels Oil Rally The escalating Middle East crisis has sent India's crude oil basket soaring to $120.84 per barrel. This marks a sharp surge of nearly 75% from February prices. The higher cost directly inflates India's import bill, amplifying inflation worries and straining household budgets, especially since the nation imports over 85% of its crude oil. Economist Urges GST Inclu…